“On Sunday, December 12th, 2021, the average APR on a 30-year fixed-rate mortgage rose 1 basis point to 3.071%. The average APR on a 15-year fixed-rate mortgage rose 2 basis points to 2.334% and the average APR for a 5/1 adjustable-rate mortgage (ARM) rose 2 basis points to 2.849%, according to rates provided to NerdWallet by Zillow. The 30-year fixed-rate […]
The 30 Year Fixed Mortgage Rate Remains Under 3%
The 30 year fixed mortgage rate remains under 3% according to today’s Nerd Wallet report, with the interest rate at 2.827% and APR at 2.887%. That’s 55 points lower than last year at the time and 7 basis points higher than a week ago. A single basis point is one one-hundredth of a percent which […]